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Hi. My name is Terry, and I'm the President of Quicksilver Accounting & Consulting,  Wilmington NC.

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Saturday
Oct172009

It's Time to Start a Budget

If you own a Small Business, it's time to start thinking of plans for 2010. 

Budgeting is the first thing that comes to my mind as you formulate what goals you have set for sales, how you might reduce costs, and if you need to add employees.

No company should run without a solid budget in place.  This is probably only the case in 40% of the companies, so I would like remind anyone who is reading that this is one area that will help you achieve what is possible.    

 It is a benchmark that everything should be measured against throughtout the year.

Just creating the budget is an excercise in understanding your company better. Running a Profit and Loss each quarter with actual vs budget figures is a great way to see where you are achieving your goals and where deficiencies lie.  

I will be working on several budgets this next month for some of our clients, and I hope you will take this opportunity to start working on yours.  I will be making some observations as I go through this process and noting them back here, to let you know what kinds of things this activity can help with.

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    QuickBook Training: Virtual Accounting: Wilmington, NC - Accounting: QuickBooks: Bits of Silver Blog - It's Time to Start a Budget
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    QuickBook Training: Virtual Accounting: Wilmington, NC - Accounting: QuickBooks: Bits of Silver Blog - It's Time to Start a Budget
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    Response: Imperial Advance
    QuickBook Training: Virtual Accounting: Wilmington, NC - Accounting: QuickBooks: Bits of Silver Blog - It's Time to Start a Budget
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    QuickBook Training: Virtual Accounting: Wilmington, NC - Accounting: QuickBooks: Bits of Silver Blog - It's Time to Start a Budget
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    QuickBook Training: Virtual Accounting: Wilmington, NC - Accounting: QuickBooks: Bits of Silver Blog - It's Time to Start a Budget

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